Inventory Management: We Can Do Better

Supply Chain Shaman

Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts. Days of Inventory Peer Group Across Time Periods. So when we start with the facts, it is clear that every industry peer group increased the days of inventory.

Manufacturing in US Expands at Fastest Pace Since May 2004

Material Handling and Logistics

factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, according to figures from the Institute for Supply Management released on March 1. Index of customer inventories fell to 43.7 Factory inventories gauge rose to 56.7 ISM reports that the expansion is being fueled by improving global economies and firm business investment.

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The World’s Largest Brands Are Using Inventory Accuracy and Yard Automation to Fight COVID-19 Chaos

PINC

In an uncertain world where supply chain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supply chain visibility they need to keep the wheels turning. ” Maintaining the Right Inventory Balance. “But amassing inputs or inventory puts them at risk for markdowns or lost investments if merchandise goes out of style or materials deteriorate before they can be used for production.”

Struggling with Multi-Echelon Inventory Adoption

Arkieva

I came into the field of supply chain management in 2004. 2006-2009 I did a PhD on Multi-Echelon Inventory Optimization. Though benefits are clear, multi-echelon inventory adoption has been very slow. Pilots within and across company boundaries have been convincing, but we have not seen a widespread multi-echelon inventory adoption. A research report from the Aberdeen Group reported a 13% adoption in 2004. Why is multi-echelon inventory adoption limited?

3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand. Making inventory optimization, arguably one of the most difficult tasks for any manufacturing business. in multi-echelon inventory optimization.

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Campbell Soup Company upgrades Demand Sensing

Supply Chain Movement

Better forecast accuracy will further our efforts to improve customer service, without the burden of carrying unnecessary inventory.”. In 2004, Campbell Soup Company was the first company to implement Terra’s solutions and reap the benefits of Demand Sensing’s improved forecast accuracy. Cases big data Campbell Soup Company Demand Sensing forecast accuracy inventory itsubwaymap Manufacturing Patrick Folan pattern recognition algorithms SAP SAP APO Terra Technology

Strategic Benchmarking in the Supply Chain Triangle (Part 1)

Arkieva

Inventory turns are available. The Cost of Goods, also called the Cost of Sales, include all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. From Figure 2 we see that has been the case in the pre-crisis period 2004 – 2007. To be able to complete our benchmark, we will also need data on the inventory turns.

PINC named 2020 MHI Innovation Award Finalist

PINC

Union City, CA – February 7th, 2020 – PINC , the number-one provider of digital yard management and inventory robotics solutions to the world’s leading brands, is honored to be named as one of the four finalists in the New Product Category for the 2020 MHI Innovation Award with PINC AIR. PINC is now scaling up its recently announced PINC Aerial Inventory Robot (AIR) solution.

Tackling Item Complexity

Supply Chain Shaman

Stuck, the company struggled with customer service levels and high inventory write-offs. This case study from 2004 outlines a process to manage complexity and improve agility. The process helped World Kitchen manage inventories through bankruptcy filing in 2002. The SEVA defined SKU profitability after adjustments for associated inventory, manufacturing, distribution and financial assets used to make, deliver and distribute the item. Personalization.

7 Best Customer Service Books CEOs Read

Supply Chain Opz

2004). Customer Service Books Related Resources - Supply Chain Books - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: March 20, 2020We evaluate books related to customer service based on sales rank, reviews/endorsement by leading business leaders and show you the best customer service books.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. In the analysis of the performance factors, companies are divided into two classifications: Supply Chains to Admire Winners: In the analysis of the performance factors of growth, operating margin, inventory turns, and Return on Invested Capital, Supply Chain to Admire winners score at or above the industry peer group average for all four of the factors.

US Economy Still Growing But at Slower Pace

Material Handling and Logistics

Inputs, expressed as supplier deliveries, inventories and imports, were negatively impacted by weather conditions; Asian holidays; lead time extensions; steel and aluminum disruptions across many industries; supplier labor issues; and transportation difficulties due to driver and equipment shortages. The Inventories Index registered 55.5 %, a decrease of 1.2 The Backlog of Orders Index continued a 14-month expansion with its highest reading since May 2004, when it registered 63%.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

As the logistics process includes transportation and resources, the whole process also needs some other major activities like inventory management, procurement, warehousing, order fulfillment and distribution. Environmental Management Systems (EMS): The two major standards ISO 14001:2004 and ISO 14004:2004 offers the needs for an EMS and suggests common EMS guidelines.

Welcome 2019

Supply Chain Shaman

Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. In parallel, SAP launched technology platforms: NetWeaver in 2004 followed by HANA 2.0 Welcome to a new year. Congratulations. You made it through 2018. It has been a while since I penned a blog post on New Year’s predictions, but today as I sit and drink my hot chocolate, I feel the itch to write.

7 Ways to Create Perfect Agile Supply Chain Machine

Supply Chain Opz

Triple-A Supply Chain In 2004, Professor Hau Lee of Stanford University published the article titled " The Triple-A Supply Chain " in Harvard Business Review. The findings helped them to become more responsive to final customer''s demand and they could reduce the inventory without product shortage (2) Use Flexible Product Design : according to Lee, product designers should be well aware of the market of raw materials, product commonality and product standardization.

Lean 178

The Internet of Things and the Retail Industry

C3 Solutions

What's interesting is how the use of IoT technologies to track inventory throughout the supply chain can dovetail with the kind of visibility you gain when you implement a best-of-breed dock scheduling system from C3 Solutions. in 2004 to $0.38

PINC Receives 2020 Supply & Demand Chain Executive Green Supply Chain Award

PINC

Founded in 2004, PINC is the number one provider of real-time visibility and automated yard orchestration to the world’s leading companies. UNION CITY, Calif. , Dec.

PINC’s Rafael Granato accepted into Forbes Communications Council

PINC

Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide – achieving Gartner’s “best of breed” status in this category.

The March of the Lemmings.

Supply Chain Shaman

The first report was published when I working at AMR Research (now Gartner) in 2004. A supply chain team improved forecast accuracy by 22%, but did not improve inventory or customer service. The focus is to understand which companies are able to drive better performance, while accelerating improvement, than peer group on a balanced scorecard of growth, operating margin, inventory turns and Return on Investment Capital (ROIC). Lemmings are misunderstood.

S&OP: Can You Make Decisions at the Speed of Business?

Supply Chain Shaman

Eerily the case studies sound the same as the ones heard when I completed S&OP research in 2004. Teams continuously balance cost, customer service, asset utilization and inventory. Yawn. I spent time this week completing reference calls on the use of S&OP technologies. Seeking the next sequel in technology adoption, I want to write how the confluence of new technologies changed companies’ abilities to improve decisions.

S&OP 184

How Do You Define a Mature Supply Chain Planning Organization? (Part 1)

Supply Chain Shaman

I have worked with this client since 2004. Monthly design of the supply chain including form and function of inventory and inventory placement. Inventory. Focus on the level of inventory. Inventory is often focused on as a singular metric, not as part of a complex supply chain system. Focus on the form and function of inventory based on demand and supply variability and business plans. It was a sultry day in Philadelphia.

PINC named Top Supply Chain Projects for 2020 by Supply & Demand Chain Executive

PINC

Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide.

Why I No Longer Believe in the Gartner Supply Chain Top 25

Supply Chain Shaman

While the name has changed, the methodology has remained fairly constant, with a only a few changes, since 2004. The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

PINC Awarded 2020 Great Supply Chain Partner

PINC

” Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide. UNION CITY, Calif. , Aug.

PINC Receives Significant Growth Equity Investment From Accel-KKR

PINC

However, with 66% of logistics budgets spent on moving only 10% of total inventory, the remaining 90% of inventory at rest is not optimized for bottom-line impact and efficiency gains. Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide – achieving Gartner’s “best of breed” status in this category.

PINC named Top Logistics IT provider in 2020

PINC

Since 2004 and with hundreds of locations deployed around the globe, PINC Yard Management System helps the largest global companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. . Since their inventory stops at multiple facilities until it gets to its final destination, any delays or mistakes can cause a ripple effect,” said Rafael Granato, Vice President of Marketing at PINC.

Throwing Down the Gauntlet

Supply Chain Shaman

Hau L Lee, Triple-A Supply Chains, Harvard Business Review, October 2004. In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012. However, no company in this chart is on a linear path towards improving both margin and inventory turns. “We live in a world where supply chains, not companies, compete for market dominance.

Logility Buys Halo BI

Supply Chain Shaman

Prior acquisitions include: Demand Management, (often termed Demand Solutions) supply chain planning for mid-market, 2004 for $9.5M Optiant, inventory optimization, 2010, $3.3M On Monday, November 27th, Logility announced the purchase of privately-held Halo Business Intelligence. This announcement continues the trend of supply chain software market consolidation. Here I share what I believe that this means for the market. A Look Back .

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

Podcast: Marcia Williams on Supply Chain Optimization and Digital Transformation

Requis

Supply chain optimization consultant, author, and podcaster Marcia Williams has been working in supply chain since 2004.

Top Myths Around Demand Sensing

E2open

Of course, demand sensing can also use customer data, such as point of sale, store inventory or warehouse withdrawals. So while everything might look good for the C-levels, the sub-50% accuracy for supply chain decisions results in excess or insufficient inventory, impacting return on capital, eroding margins and putting service at risk. Because most supply chain decisions are based on projected inventory (i.e., Top Myths Around Demand Sensing. alyssa.

PINC Named 2020 Food Logistics’ Top Green Provider

PINC

Founded in 2004, PINC is the number one provider of real-time visibility and automated yard orchestration to the food and beverage industry. About PINC: PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively.

Food 20

S&OP: Middle-aged or Never Grown Up?

Enterra Insights

When reading current case studies focused on S&OP, she notes, “[They] sound the same as the ones heard when I completed S&OP research in 2004. Teams continuously balance cost, customer service, asset utilization and inventory. As a result, Dooley found “excess inventories, expediting, poor order fulfillment, overtime and poor resource utilization [were] a fact of life. Sales and Operations Planning (S&OP) has been around for three decades.

S&OP 100

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

According to a Wall Street Journal article : In a 15-count indictment filed in San Francisco, federal prosecutors say that beginning in 2004 the company repeatedly ignored warnings from the government it was breaking the law by shipping drugs ordered from online pharmacies that dispensed them to anyone who filled out an online questionnaire. And third, how inventory management and enhanced supply chain visibility remain critical elements of a 3PL’s value proposition.

Franprix Collaborates with RELEX To Optimize Fresh Produce Supply in Stores

RELEX Solutions

We are looking to our RELEX system to optimize product availability at store level and speed up our inventory turnover so that we can continue to meet our customers’ expectations.”. We are looking to our RELEX system to optimize product availability at store level and speed up our inventory turnover so that we can continue to meet our customers’ expectations. “We Read PDF. Franprix picked RELEX Solutions for fresh produce forecasting and replenishment.